CBS Radio finally found its home of 75,000 square feet at 345 Hudson Street, as Real Estate Weekly reported.
But here’s some new information that everyone loves: Rent numbers!
CBS will take the 10th and 11th floors with rents starting at $34.50 a square foot for the first five years, $37.25 in the next five years, $40.75 for the next five, and $43.75 for the last five, according to a source familiar with the deal. CBS will get the first five months free as well as a promise of future work on the Hudson Square space from the landlord, Trinity Real Estate.
Wonder how these numbers will affect Home Depot’s strategy. The retail giant, according to various media including Real Estate Weekly, has been dragging its feet on signing a 107,000-square-foot deal at 345 Hudson.
– John Koblin